Patient Monitoring Devices Market to 2019 Increasing Investment in Healthcare Infrastructure in Emerging Economies Provides Significant Opportunity for Future Growth
GBI Research Report Guidance
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GBI Research Report Guidance
The report begins with an executive summary capturing the key points that determine the dynamics of the patient monitoring devices market. Competition in the industry and key categories, segments and geographical regions are also outlined.
Chapter two provides an introduction to the global patient monitoring devices report.
Chapter three provides a device overview for the global patient monitoring devices market.
Chapter four provides information on the market size for the historic period 2005 – 2012 and the forecast period 2012 – 2019. It also has information related to the patient monitoring devices market trends, market dynamics and the competitive landscape. In the market dynamics section, comprehensive information is provided on market drivers and restraints.
Chapter five discusses remote patient monitoring devices, micro-electromechanical systems, patient monitoring accessories, non-invasive blood pressure monitors, multiparameter patient monitoring, neonatal monitoring and fetal monitoring categories and their respective segments. Market size information for the 2005 – 2012 historic period and the 2012 – 2019 forecast period are discussed for each category along with market dynamics and competition. The company shares information for the micro-electromechanical systems category has not been covered.
Chapter six provides market size information for the 2005 – 2012 historic period and the 2012 – 2019 forecast period for the US, Canada, the UK, France, Germany, Italy, Spain, Japan, China, India, Australia and Brazil. A cross-country analysis of these countries is also discussed. The report does not provide market information on the Chinese RPM market as the device is not available for commercial use in China.
Chapter seven gives profiles on the leading patient monitoring device companies with the companies’ products, features and benefits.
Chapter eight focuses on the pipeline products in various categories. The key pipeline products are listed and discussed in detail and product approval and expected launch dates are also provided for a number of products.
Chapter nine discusses the consolidation landscape in the patient monitoring devices industry. This chapter looks at the total number of deals that took place during the 2008 – 2012 period.
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Executive Summary
Executive Summary
Global Patient Monitoring Devices Market is Forecast to Reach $XX Billion by 2019
Global Patient Monitoring Devices Market, Revenue ($bn), 2012 – 2019
2012 2019
Rev
enue
($bn
)
CAGR (2012 - 2019): XX%
Source: GBI Research’s proprietary database [Accessed February 7, 2013]; interviews with marketing managers and other industry experts
The global patient monitoring devices market was valued at $XX billion in 2012 and is forecast to exceed XX billion by 2019 at a Compound Annual Growth Rate (CAGR) of XX%. The market is primarily driven by the aging population worldwide. The aging population in turn increases the hospitalization rate, which increases the demand for patient monitoring devices. The worldwide increase in Gross Domestic Product (GDP) per capita leads to increasing healthcare expenditure, which in turn drives the market growth. Increasing investment on healthcare infrastructure in emerging economies by corporate groups provides significant opportunity for the future growth of the patient monitoring devices market.
The US Continues to be the Largest Market for Patient Monitoring Devices
The US is the largest market for patient monitoring devices, contributing XX% towards the global market in 2012. The US patient monitoring devices market was valued at $XX billion in 2012 and is forecast to reach $XX billion by 2018, growing at a CAGR of XX%. The US is primarily a replacement market for patient monitoring devices, due to pre-existing high penetration and limited scope for the addition of new hospitals. The country’s elderly population accounts for a large percentage of the population suffering from chronic diseases, leading to increased hospitalizations, and is expected to drive the future growth of the market. Remote Patient Monitoring (RPM) will continue to be the fastest growing segment due to the following benefits it provides: reductions in hospitalization rates, office follow-ups and healthcare expenditure. Improved patient safety and a shortage of healthcare professionals are the other major drivers for the future growth of the US RPM market.
The global patient monitoring devices market was valued at $XX billion in 2012 and is forecast to exceed XX billion by 2019 at a Compound Annual Growth Rate (CAGR) of XX%
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Table of Contents
1 Table of Contents
1 Table of Contents ................................................................................................................................. 6 1.1 List of Tables ............................................................................................................................10 1.2 List of Figures...........................................................................................................................13
2 Introduction........................................................................................................................................14 3 Patient Monitoring Devices: Overview .................................................................................................15
3.1 Remote Patient Monitoring ......................................................................................................15 3.1.1 External Remote Patient Monitoring Devices.....................................................................15 3.1.2 Implantable Remote Patient Monitoring Devices ...............................................................15
3.2 Micro-electromechanical Systems ............................................................................................15 3.3 Patient Monitoring Accessories ................................................................................................16
3.3.1 Non-invasive Blood Pressure Cuffs ....................................................................................16 3.3.2 Patient Monitoring Leads and Electrodes ..........................................................................16 3.3.3 Patient Monitoring Temperature Probes ...........................................................................16
3.4 Non-invasive Blood Pressure Monitors .....................................................................................17 3.4.1 Aneroid Sphygmomanometers..........................................................................................17 3.4.2 Digital Sphygmomanometers ...........................................................................................17 3.4.3 Mercury Sphygmomanometers .........................................................................................17
3.5 Multiparameter Patient Monitoring .........................................................................................17 3.5.1 High Acuity Monitors ........................................................................................................17 3.5.2 Low Acuity Monitors ........................................................................................................18 3.5.3 Mid Acuity Monitors .........................................................................................................18
3.6 Neonatal Monitors ...................................................................................................................18 3.7 Fetal Monitors .........................................................................................................................18
3.7.1 Antepartum Monitors.......................................................................................................18 3.7.2 Intrapartum monitors.......................................................................................................18
4 Global Patient Monitoring Devices Market: Market Characterization....................................................19 4.1 Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012 ...................................19 4.2 Global Patient Monitoring Devices Market, Revenue ($bn), 2012 – 2019 ...................................20 4.3 Global Patient Monitoring Devices Market, Key Company Shares (%), 2011 ...............................21 4.4 Global Patient Monitoring Devices Market: Key Trends .............................................................22
4.4.1 Integration of Wireless Technology with Patient Monitoring Devices .................................22 4.4.2 Key Players in Patient Monitoring Market adopt Inorganic Growth Strategy ......................24 4.4.3 Integration of Patient Monitoring with Hospital Information Systems for Improved Patient
Data Management ...........................................................................................................25 4.5 Patient Monitoring Devices: Market Dynamics..........................................................................26
4.5.1 Market Drivers .................................................................................................................26 4.5.2 Market Restraints ............................................................................................................30
5 Global Patient Monitoring Devices Market: Category Analysis and Forecasts ........................................31 5.1 Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2005 – 2012 ....................31 5.2 Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2012 – 2019 ....................32 5.3 Multiparameter Patient Monitoring, Global, Key Company Share (%), 2011...............................33 5.4 Multiparameter Patient Monitoring: Market Dynamics .............................................................34
5.4.1 Market Drivers .................................................................................................................34 5.4.2 Market Restraints ............................................................................................................34
5.5 Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2005 – 2012 .................35 5.6 Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2012 – 2019 .................36 5.7 Non-invasive Blood Pressure Monitors Market, Global, Key Company Shares (%), 2011 .............37 5.8 Non-invasive Blood Pressure Monitors: Market Dynamics .........................................................38
5.8.1 Market Drivers .................................................................................................................38 5.8.2 Market Restraint ..............................................................................................................38
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5.9 Patient Monitoring Accessories Market, Global, Revenue ($m), 2005 – 2012 .............................39 5.10 Patient Monitoring Accessories Market, Global, Revenue ($m), 2012 – 2019 .............................40 5.11 Patient Monitoring Accessories Market, Global, Key Company Shares (%), 2011 ........................41 5.12 Patient Monitoring Accessories Market: Market Dynamics........................................................42
5.12.1 Market Drivers .................................................................................................................42 5.12.2 Market Restraints ............................................................................................................43
5.13 Micro-electromechanical Systems Market, Global, Revenue ($m), 2005 – 2012 .........................44 5.14 Micro-electromechanical Systems Market, Global, Revenue ($m), 2012 – 2019 .........................45 5.15 Micro-electromechanical Systems: Market Dynamics................................................................46
5.15.1 Market Driver ..................................................................................................................46 5.15.2 Market Restraint ..............................................................................................................46
5.16 Remote Patient Monitoring Market, Global, Revenue ($m), 2005 – 2012 ..................................47 5.17 Remote Patient Monitoring Market, Global, Revenue ($m), 2012 – 2019 ..................................48 5.18 Remote Patient Monitoring Market, Global, Key Company Share (%), 2011 ...............................49 5.19 Remote Patient Monitoring Market – Market Dynamics ..........................................................50
5.19.1 Market Drivers .................................................................................................................50 5.19.2 Market Restraints ............................................................................................................52
5.20 Neonatal Monitors, Global, Revenue ($m), 2005 – 2012 ...........................................................53 5.21 Neonatal Monitors Market, Global, Revenue ($m), 2012 – 2019 ...............................................54 5.22 Neonatal Monitors Market, Global, Key Company Share (%), 2011 ............................................55 5.23 Neonatal Monitors Market: Market Dynamics ..........................................................................56
5.23.1 Market Drivers .................................................................................................................56 5.23.2 Market Restraints ............................................................................................................56
5.24 Fetal Monitors Market, Global, Revenue ($m), 2005 – 2012 ......................................................57 5.25 Fetal Monitors Market, Global, Revenue ($m), 2012 – 2019 ......................................................58 5.26 Fetal Monitors Market, Global, Key Company Share (%), 2011 ..................................................59 5.27 Fetal Monitors Market: Market Dynamics.................................................................................60
5.27.1 Market Drivers .................................................................................................................60 5.27.2 Market Restraint ..............................................................................................................60
6 Global Patient Monitoring Devices Market: Country Analysis and Forecasts .........................................61 6.1 Patient Monitoring Devices Market: Cross-country Analysis ......................................................61 6.2 Historic and Forecast Revenue, by Country ...............................................................................63
6.2.1 Patient Monitoring Devices Market, US, Revenue ($bn), 2005 – 2012 ................................63 6.2.2 Patient Monitoring Devices Market, US, Revenue ($bn), 2012 – 2019 ................................64 6.2.3 Patient Monitoring Devices Market, Japan, Revenue ($m), 2005 – 2012.............................65 6.2.4 Patient Monitoring Devices Market, Japan, Revenue ($m), 2012 – 2019.............................66 6.2.5 Patient Monitoring Devices Market, China, Revenue ($m), 2005 – 2012 .............................67 6.2.6 Patient Monitoring Devices Market, China, Revenue ($m), 2012 – 2019 .............................68 6.2.7 Patient Monitoring Devices Market, Germany, Revenue ($m), 2005 – 2012 .......................69 6.2.8 Patient Monitoring Devices Market, Germany, Revenue ($m), 2012 – 2019 .......................70 6.2.9 Patient Monitoring Devices Market, France, Revenue ($m), 2005 – 2012 ...........................71 6.2.10 Patient Monitoring Devices Market, France, Revenue ($m), 2012 – 2019 ...........................72 6.2.11 Patient Monitoring Devices Market, the UK, Revenue ($m), 2005 – 2012 ...........................73 6.2.12 Patient Monitoring Devices Market, the UK, Revenue ($m), 2012 – 2019 ...........................74 6.2.13 Patient Monitoring Devices Market, Australia, Revenue ($m), 2005 – 2012 ........................75 6.2.14 Patient Monitoring Devices Market, Australia, Revenue ($m), 2012 – 2019 ........................76 6.2.15 Patient Monitoring Devices Market, Italy, Revenue ($m), 2005 – 2012 ...............................77 6.2.16 Patient Monitoring Devices Market, Italy, Revenue ($m), 2012 – 2019 ...............................78 6.2.17 Patient Monitoring Devices Market, Spain, Revenue ($m), 2005 – 2012 .............................79 6.2.18 Patient Monitoring Devices Market, Spain, Revenue ($m), 2012 – 2019 .............................80 6.2.19 Patient Monitoring Devices Market, Brazil, Revenue ($m), 2005 – 2012 .............................81 6.2.20 Patient Monitoring Devices Market, Brazil, Revenue ($m), 2012 – 2019 .............................82
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6.2.21 Patient Monitoring Devices Market, Canada, Revenue ($m), 2005 – 2012 ..........................83 6.2.22 Patient Monitoring Devices Market, Canada, Revenue ($m), 2012 – 2019 ..........................84 6.2.23 Patient Monitoring Devices Market, India, Revenue ($m), 2005 – 2012 ..............................85 6.2.24 Patient Monitoring Devices Market, India, Revenue ($m), 2012 – 2019 ..............................86
7 Global Patient Monitoring Devices Market: Competitive Assessment ...................................................87 7.1 Philips Healthcare ....................................................................................................................88
7.1.1 Business Overview ............................................................................................................88 7.1.2 Marketed Products ...........................................................................................................88
7.2 GE Healthcare ..........................................................................................................................89 7.2.1 Business Overview ............................................................................................................89 7.2.2 Marketed Products ...........................................................................................................89
7.3 Omron Healthcare Co., Ltd. ......................................................................................................90 7.3.1 Business Overview ............................................................................................................90 7.3.2 Marketed Products ...........................................................................................................90
7.4 Mindray Medical International Limited .....................................................................................91 7.4.1 Business Overview ............................................................................................................91 7.4.2 Marketed Products ...........................................................................................................91
7.5 Draegerwerk AG & Co. KGaA ....................................................................................................92 7.5.1 Business Overview ............................................................................................................92 7.5.2 Marketed Products ...........................................................................................................92
7.6 Nihon Kohden Corporation ......................................................................................................93 7.6.1 Business Overview ............................................................................................................93 7.6.2 Marketed Products ...........................................................................................................93
7.7 3M Health Care........................................................................................................................94 7.7.1 Business Overview ............................................................................................................94 7.7.2 Marketed Products ...........................................................................................................94
7.8 Covidien Plc. ............................................................................................................................95 7.8.1 Business Overview ............................................................................................................95 7.8.2 Marketed Products ...........................................................................................................95
7.9 OSI Systems, Inc. ......................................................................................................................96 7.9.1 Business Overview ............................................................................................................96 7.9.2 Marketed Products ...........................................................................................................96
7.10 Welch Allyn Inc. .......................................................................................................................97 7.10.1 Business Overview ............................................................................................................97 7.10.2 Marketed Products ...........................................................................................................97
7.11 A&D Medical ...........................................................................................................................98 7.11.1 Business Overview ............................................................................................................98 7.11.2 Marketed Products ...........................................................................................................98
7.12 Microlife Corporation...............................................................................................................99 7.12.1 Business Overview ............................................................................................................99 7.12.2 Marketed Products ...........................................................................................................99
7.13 Ambu A/S .............................................................................................................................. 100 7.13.1 Business Overview .......................................................................................................... 100 7.13.2 Marketed Products ......................................................................................................... 100
7.14 Fukuda Denshi Co., Ltd. .......................................................................................................... 101 7.14.1 Business Overview .......................................................................................................... 101 7.14.2 Marketed Products ......................................................................................................... 101
8 Global Patient Monitoring Devices Market: Product Pipeline Analysis ................................................ 102 8.1 Patient Monitoring Devices – Pipeline Products Summary ..................................................... 102
8.1.1 Multiparameter Patient Monitoring: Profiles of Key Pipeline Products ............................. 103 8.1.2 Multiparamter Patient Monitoring: List of Pipeline Products............................................ 116
8.2 Non-invasive Blood Pressure Monitors: Product Pipeline Analysis ........................................... 118
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8.2.1 Non-invasive Blood Pressure Monitors: Profiles of Key Pipeline Products .......................... 118 8.2.2 Non-invasive Blood Pressure Monitors: List of Pipeline Products ...................................... 122
8.3 Micro-electromechanical Systems: Product Pipeline Analysis .................................................. 123 8.3.1 Micro-electromechanical Systems: Profiles of Key Pipeline Products................................. 123 8.3.2 Micro-electromechanical Systems: List of Pipeline Products ............................................. 124
8.4 Remote Patient Monitoring: Product Pipeline Analysis ............................................................ 125 8.4.1 Remote Patient Monitoring: Profiles of Key Pipeline Products .......................................... 125 8.4.2 Remote Patient Monitoring: List of Pipeline Products ...................................................... 133
8.5 Neonatal Monitors: Product Pipeline Analysis ......................................................................... 134 8.5.1 Neonatal Monitors: Profiles of Key Pipeline Products ....................................................... 134 8.5.2 Neonatal Monitors: List of Pipeline Products ................................................................... 136
8.6 Fetal Monitors: Product Pipeline Analysis ............................................................................... 137 8.6.1 Fetal Monitors: Profiles of Key Pipeline Products ............................................................. 137 8.6.2 Fetal Monitors: List of Pipeline Products.......................................................................... 139
9 Global Patient Monitoring Devices Market: Consolidation Landscape ................................................. 140 9.1 Patient Monitoring Devices Market: Deals by Count and Deal Value, 2007 – 2011 ................... 140 9.2 Key Deals: 2008 – 2012 .......................................................................................................... 143
9.2.1 Asahi Kasei’s Acquisition of Zoll Medical ......................................................................... 143 9.2.2 Draegerwerk’s Acquisition of the Remaining 25% Stake in Drager Medical from Siemens . 144 9.2.3 Covidien’s Acquisition of Oridion Systems........................................................................ 144 9.2.4 Covidien’s Acquisition of Somanetics ............................................................................... 145 9.2.5 3M’s Acquisition of Attenti Holdings from Francisco Partners .......................................... 145 9.2.6 Opto Circuits India’s Acquisition of Criticare Systems ....................................................... 145 9.2.7 Halma’s Acquisition of SunTech Medical Group ............................................................... 146 9.2.8 Philips Medical Systems’ Acquisition of Dixtal Biomedica e Tecnologia ............................. 147 9.2.9 Philips Medical’s Acquisition of Shenzhen Goldway Industrial .......................................... 147 9.2.10 ConvaTec’s Acquisition of AbViser Medical ...................................................................... 147
10 Appendix .......................................................................................................................................... 149 10.1 Definitions ............................................................................................................................. 149
10.1.1 Patient Monitoring Devices ............................................................................................ 149 10.2 Acronyms .............................................................................................................................. 151 10.3 Sources.................................................................................................................................. 153 10.4 Research Methodology .......................................................................................................... 156
10.4.1 Secondary Research ....................................................................................................... 156 10.4.2 Primary Research ........................................................................................................... 156 10.4.3 Models .......................................................................................................................... 157 10.4.4 Forecasts ....................................................................................................................... 157 10.4.5 Expert Panels ................................................................................................................. 157
10.5 Contact Us ............................................................................................................................. 158 10.6 Disclaimer.............................................................................................................................. 158
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1.1 List of Tables
Table 1: Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012 ..................................19 Table 2: Global Patient Monitoring Devices Market, Revenue ($bn), 2012 – 2019 .................................20 Table 3: Global Patient Monitoring Devices Market, Company Revenue ($m), 2011 ...............................21 Table 4: Wireless Patient Monitoring Devices, Pipeline Products, Examples ...........................................23 Table 5: Central Patient Monitoring Devices, Examples .........................................................................25 Table 6: BRICS Per Capita Total and Government Expenditure on Health (PPP in $), 2000 – 2009 ...........26 Table 7: Total Expenditure on Health as a % of GDP, Emerging Countries, 2000 – 2009 ..........................27 Table 8: Key Hospital Groups Planning Expansion in Tier II and Tier III Regions in India...........................28 Table 9: Estimated and Projected Distribution of the Population Aged 60 Years or Over in Asia and
Europe, 2012 – 2050 ...............................................................................................................29 Table 10: Budget of the US Government, Grants ($m), 2012 – 2013 ........................................................30 Table 11: Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2005 – 2012 ...................31 Table 12: Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2012 – 2019 ....................32 Table 13: Multiparameter Patient Monitoring Market, Global, Company Revenue ($m), 2011 .................33 Table 14: Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2005 – 2012 .................35 Table 15: Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2012 – 2019 .................36 Table 16: Non-invasive Blood Pressure Monitors Market, Global, Company Revenue ($m), 2011 .............37 Table 17: Patient Monitoring Accessories Market, Global, Revenue ($m), 2005 – 2012 ............................39 Table 18: Patient Monitoring Accessories Market, Global, Revenue ($m), 2012 – 2019 ............................40 Table 19: Patient Monitoring Accessories Market, Global, Company Revenue ($m), 2011 ........................41 Table 20: Micro-electromechanical Systems Market, Global, Revenue ($m), 2005 – 2012 ........................44 Table 21: Micro-electromechanical Systems Market, Global, Revenue ($m), 2012 – 2019 ........................45 Table 22: Remote Patient Monitoring Market, Global, Revenue ($m), 2005 – 2012..................................47 Table 23: Remote Patient Monitoring Market, Global, Revenue ($m), 2012 – 2019..................................48 Table 24: Remote Patient Monitoring Market, Global, Company Revenue ($m), 2011 .............................49 Table 25: Neonatal Monitors, Global, Revenue ($m), 2005 – 2012...........................................................53 Table 26: Neonatal Monitors, Global, Revenue ($m), 2012 – 2019...........................................................54 Table 27: Neonatal Monitors, Global, Company Revenue ($m), 2011 ......................................................55 Table 28: Fetal Monitors Market, Global, Revenue ($m), 2005 – 2012 .....................................................57 Table 29: Fetal Monitors Market, Global, Revenue ($m), 2012 – 2019 .....................................................58 Table 30: Fetal Monitors Market, Global, Company Revenue ($m), 2011 .................................................59 Table 31: Patient Monitoring Devices Market, Cross-country Analysis, Global, CAGR (%), 2005 – 2019 .....61 Table 32: Patient Monitoring Devices Market, US, Revenue ($bn), 2005 – 2012 .......................................63 Table 33: Patient Monitoring Devices Market, US, Revenue ($bn), 2012 – 2019 .......................................64 Table 34: Patient Monitoring Devices Market, Japan, Revenue ($m), 2005 – 2012 ...................................65 Table 35: Patient Monitoring Devices Market, Japan, Revenue ($m), 2012 – 2019 ...................................66 Table 36: Patient Monitoring Devices Market, China, Revenue ($m), 2005 – 2012 ...................................67 Table 37: Patient Monitoring Devices Market, China, Revenue ($m), 2012 – 2019 ...................................68 Table 38: Patient Monitoring Devices Market, Germany, Revenue ($m), 2005 – 2012 ..............................69 Table 39: Patient Monitoring Devices Market, Germany, Revenue ($m), 2012 – 2019 ..............................70 Table 40: Patient Monitoring Devices Market, France, Revenue ($m), 2005 – 2012 .................................71 Table 41: Patient Monitoring Devices Market, France, Revenue ($m), 2012 – 2019 .................................72 Table 42: Patient Monitoring Devices Market, the UK, Revenue ($m), 2005 – 2012 .................................73 Table 43: Patient Monitoring Devices Market, the UK, Revenue ($m), 2012 – 2019 .................................74 Table 44: Patient Monitoring Devices Market, Australia, Revenue ($m), 2005 – 2012 ..............................75 Table 45: Patient Monitoring Devices Market, Australia, Revenue ($m), 2012 – 2019 ..............................76 Table 46: Patient Monitoring Devices Market, Italy, Revenue ($m), 2005 – 2012 .....................................77 Table 47: Patient Monitoring Devices Market, Italy, Revenue ($m), 2012 – 2019 .....................................78 Table 48: Patient Monitoring Devices Market, Spain, Revenue ($m), 2005 – 2012 ...................................79 Table 49: Patient Monitoring Devices Market, Spain, Revenue ($m), 2012 – 2019 ...................................80 Table 50: Patient Monitoring Devices Market, Brazil, Revenue ($m), 2005 – 2012 ...................................81 Table 51: Patient Monitoring Devices Market, Brazil, Revenue ($m), 2012 – 2019 ...................................82 Table 52: Patient Monitoring Devices Market, Canada, Revenue ($m), 2005 – 2012 ................................83 Table 53: Patient Monitoring Devices Market, Canada, Revenue ($m), 2012 – 2019 ................................84 Table 54: Patient Monitoring Devices Market, India, Revenue ($m), 2005 – 2012 ....................................85 Table 55: Patient Monitoring Devices Market, India, Revenue ($m), 2012 – 2019 ....................................86 Table 56: Philips Healthcare, Key Marketed Products, Patient Monitoring Devices, 2013 .........................88
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Table 57: GE Healthcare, Key Marketed Products, Patient Monitoring Devices, 2013 ...............................89 Table 58: Omron Healthcare Co., Ltd., Key Marketed Products, Patient Monitoring Devices, 2013 ...........90 Table 59: Mindray Medical International Limited, Key Marketed Products, Patient Monitoring Devices,
2013 .......................................................................................................................................91 Table 60: Draegerwerk AG & Co. KGaA, Key Marketed Products, Patient Monitoring Devices, 2013 .........92 Table 61: Nihon Kohden Corporation, Key Marketed Products, Patient Monitoring Devices, 2013 ...........93 Table 62: 3M Health Care Ltd., Key Marketed Products, Patient Monitoring Devices, 2013 ......................94 Table 63: Covidien Plc, Key Marketed Products, Patient Monitoring Devices, 2013 ..................................95 Table 64: OSI Systems, Inc., Key Marketed Products, Patient Monitoring Devices, 2013 ...........................96 Table 65: Welch Allyn Inc., Key Marketed Products, Patient Monitoring Devices, 2013 ............................97 Table 66: A&D Medical, Key Marketed Products, Patient Monitoring Devices, 2013.................................98 Table 67: Microlife Corporation, Key Marketed Products, Patient Monitoring Devices, 2013 ....................99 Table 68: Ambu A/S, Key Marketed Products, Patient Monitoring Devices, 2013 ................................... 100 Table 69: Fukuda Denshi Co., Ltd., Key Marketed Products, Patient Monitoring Devices, 2013 ............... 101 Table 70: Adult Rapid Response REALTROMINS, Product Status, 2013 ................................................... 103 Table 71: Adult REALTROMINS, Product Status, 2013 ............................................................................ 103 Table 72: Blink System, Product Status, 2013 ........................................................................................ 104 Table 73: Cardiopulmonary Bypass Device, Product Status, 2013 .......................................................... 104 Table 74: Disaster Triage REALTROMINS, Product Status, 2013 ............................................................. 104 Table 75: ISMO, Product Status, 2013 ................................................................................................... 105 Table 76: Pediatric Rapid Response REALTROMINS, Product Status, 2013.............................................. 105 Table 77: PICU REALTROMINS, Product Status, 2013 ............................................................................. 106 Table 78: URINFO 3000, Product Status, 2013 ....................................................................................... 106 Table 79: C400, Product Status, 2013 ................................................................................................... 106 Table 80: Core 2 Monitor, Product Status, 2013 .................................................................................... 107 Table 81: Decompression Sickness Monitor, Product Status, 2013......................................................... 107 Table 82: Gumpack, Product Status, 2013 ............................................................................................. 108 Table 83: Hand-held Sensor Device, Product Status, 2013 ..................................................................... 108 Table 84: HRWatch, Product Status, 2013 ............................................................................................. 108 Table 85: Lachesis Vital Signs Monitor, Product Status, 2013 ................................................................. 109 Table 86: LifeWatch V, Product Status, 2013 ......................................................................................... 109 Table 87: LTM/iRevive System, Product Status, 2013 ............................................................................ 110 Table 88: Medical Tricorder, Product Status, 2013 ................................................................................ 110 Table 89: Monicard Professionnal, Product Status, 2013 ....................................................................... 110 Table 90: New Version Metria Patch, Product Status, 2013 ................................................................... 111 Table 91: PD2i-VS, Product Status, 2013 ............................................................................................... 111 Table 92: Portable Microwave Sensor, Product Status, 2013 ................................................................. 112 Table 93: Pulsear Device, Product Status, 2013 ..................................................................................... 112 Table 94: Skullcap, Product Status, 2013............................................................................................... 112 Table 95: Sleep Head Band, Product Status, 2013 ................................................................................. 113 Table 96: Smartphone Vital Signs Monitor, 2013................................................................................... 113 Table 97: Vital Sign Detection Device, 2013 .......................................................................................... 114 Table 98: Vital Sign Monitor, 2013 ........................................................................................................ 114 Table 99: VSM 1 Vital Sign Monitoring System, 2013 ............................................................................. 114 Table 100: VSM 2 Tissue Hydration and Sweat, 2013 .............................................................................. 115 Table 101: Vue Patch, 2013 .................................................................................................................... 115 Table 102: Wireless Skin Patch, 2013 ...................................................................................................... 116 Table 103: Multiparamter Patient Monitoring, Global Pipeline Products, 2013 – Table 1 ........................ 116 Table 104: Blood Pressure Cuff, 2013 ..................................................................................................... 118 Table 105: Blood Pressure Monitor, 2013 ............................................................................................... 118 Table 106: Blood Pressure Wristwatch, 2013 .......................................................................................... 119 Table 107: Care Taker – Blood Pressure Monitor, 2013 ......................................................................... 119 Table 108: ContiPress, 2013 ................................................................................................................... 119 Table 109: Hemodynamic Monitor, 2013 ................................................................................................ 120 Table 110: Home-based Blood Pressure Measuring Device, 2013 ............................................................ 120 Table 111: Power-free Implantable Blood Pressure Sensor, 2013 ............................................................ 121 Table 112: Sapphire Sensor System, 2013 ............................................................................................... 121 Table 113: Wearable Blood Pressure Monitor, 2013 ............................................................................... 122 Table 114: Non-invasive Blood Pressure Monitors, Global Pipeline Products, 2013 .................................. 122
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Table 115: Champion Heart Failure Monitoring System, Product Status, 2013 ......................................... 123 Table 116: OrthoChip, Product Status, 2013 ........................................................................................... 123 Table 117: Pressure Sensor, Product Status, 2013 ................................................................................... 124 Table 118: Micro-electromechanical Systems, Global Pipeline Products, 2013 ......................................... 124 Table 119: Ankle Bracelet Monitor, Product Status, 2013 ........................................................................ 125 Table 120: Biometric Bracelet, Product Status, 2013 ............................................................................... 125 Table 121: Breeze@home, Product Status, 2013 .................................................................................... 126 Table 122: BTT Wireless Device, Product Status, 2013 ............................................................................ 126 Table 123: EverWrist Fall Monitoring System, Product Status, 2013 ........................................................ 127 Table 124: Health-e-Connect System - Blood Pressure Monitor, Product Status, 2013 ............................. 127 Table 125: Health-e-Connect System - Body Composition Monitor, Product Status, 2013 ........................ 128 Table 126: Health-e-Connect System – Electrocardiogram, Product Status, 2013 ................................... 128 Table 127: Health-e-Connect System – Peak Flow Meter, Product Status, 2013 ..................................... 129 Table 128: Health-e-Connect System – Pulse Oximeter, Product Status, 2013 ........................................ 129 Table 129: Health-e-Connect System – Respiratory Health Management, Product Status, 2013 ............. 129 Table 130: Pediatric Motion Detection Device, Product Status, 2013 ....................................................... 130 Table 131: Step Activity Monitor, Product Status, 2013 ........................................................................... 130 Table 132: Telehome System, Product Status, 2013 ................................................................................ 131 Table 133: Waldo Telecardiology System, Product Status, 2013 .............................................................. 131 Table 134: Wearable Sensor, Product Status, 2013 ................................................................................. 131 Table 135: Remote Monitoring Device, Product Status, 2013 .................................................................. 132 Table 136: Remote Monitoring System V2, Product Status, 2013 ............................................................ 132 Table 137: Smartview, Product Status, 2013 ........................................................................................... 133 Table 138: Remote Patient Monitoring, Global Pipeline Products, 2013 – Table 1 .................................. 133 Table 139: Active Gait, Product Status, 2013........................................................................................... 134 Table 140: BabyConnect – Clinical Use, Product Status, 2013 ................................................................ 134 Table 141: Exmobaby Sleep Suit, Product Status, 2013 ........................................................................... 135 Table 142: PhysiScore System, Product Status, 2013 ............................................................................... 135 Table 143: Neonatal REALTROMINS, Product Status, 2013 ...................................................................... 135 Table 144: PhysiScore System, Product Status, 2013 ............................................................................... 136 Table 145: Neonatal Monitors, Global Pipeline Products, 2011 ............................................................... 136 Table 146: FetalConnect – Antepartum, Product Status, 2013 ............................................................... 137 Table 147: Next Generation Sonicaid FetalCare, Product Status, 2013 ..................................................... 137 Table 148: Cervical Dystocia Monitor, Product Status, 2013 .................................................................... 138 Table 149: eToco +fHR Device, Product Status, 2013............................................................................... 138 Table 150: FetalConnect – Intrapartum, Product Status, 2013 ............................................................... 139 Table 151: FetalConnect – Intrapartum, Product Status, 2013 ............................................................... 139 Table 152: Fetal Monitors, Global Pipeline Products, 2013 ...................................................................... 139 Table 153: Patient Monitoring Devices Market, Mergers & Acquisitions, by Number of Deals and Deal Value
($m), Global, 2008 – 2012 ..................................................................................................... 140 Table 154: Patient Monitoring Devices Market, Mergers & Acquisitions, Global, 2012 ............................. 141 Table 155: Patient Monitoring Devices Market, Mergers & Acquisitions, Global, 2011 ............................. 141 Table 156: Patient Monitoring Devices Market, Mergers & Acquisitions, Global, 2010 ............................. 142 Table 157: Patient Monitoring Devices Market, Mergers & Acquisitions, Global, 2009 ............................. 142 Table 158: Patient Monitoring Devices Market, Mergers & Acquisitions, Global, 2008 ............................. 143
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Table of Contents
1.2 List of Figures
Figure 1: Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012 ..................................19 Figure 2: Global Patient Monitoring Devices Market, Revenue ($bn), 2012 – 2019 ..................................20 Figure 3: Global Patient Monitoring Devices Market, Key Company Share (%), 2011 ...............................21 Figure 4: BRICS Per Capita Total and Government Expenditure on Health (PPP in $), 2000 – 2009 ...........26 Figure 5: Total Expenditure on Health as a % of GDP, Emerging Countries, 2000 – 2009 ..........................27 Figure 6: Estimated and Projected Distribution of the Population Aged 60 Years or Over in Asia and
Europe, 2012 – 2050 ...............................................................................................................29 Figure 7: Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2005 – 2012 ....................31 Figure 8: Multiparameter Patient Monitoring Market, Global, Revenue ($bn), 2012 – 2019 ....................32 Figure 9: Multiparameter Patient Monitoring, Global, Key Company Share (%), 2011 ..............................33 Figure 10: Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2005 – 2012 .................35 Figure 11: Non-invasive Blood Pressure Monitors Market, Global, Revenue ($m), 2012 – 2019 .................36 Figure 12: Non-invasive Blood Pressure Monitors Market, Global, Key Company Shares (%), 2011 ............37 Figure 13: Patient Monitoring Accessories Market, Global, Revenue ($m), 2005 – 2012 ............................39 Figure 14: Patient Monitoring Accessories Market, Global, Revenue ($m), 2012 – 2019 ............................40 Figure 15: Patient Monitoring Accessories Market, Global, Key Company Shares (%), 2011 .......................41 Figure 16: Micro-electromechanical Systems Market, Global, Revenue ($m), 2005 – 2012 ........................44 Figure 17: Micro-electromechanical Systems Market, Global, Revenue ($m), 2012 – 2019 ........................45 Figure 18: Remote Patient Monitoring Market, Global, Revenue ($m), 2005 – 2012..................................47 Figure 19: Remote Patient Monitoring Market, Global, Revenue ($m), 2012 – 2019..................................48 Figure 20: Remote Patient Monitoring Market, Global, Key Company Share (%), 2011 ..............................49 Figure 21: Remote Follow-up of Patients Receiving Implantable Cardioverter Defibrillator for Prophylactic
Therapy (REFORM) Clinical Trial...............................................................................................50 Figure 22: Neonatal Monitors, Global, Revenue ($m), 2005 – 2012...........................................................53 Figure 23: Neonatal Monitors, Global, Revenue ($m), 2012 – 2019...........................................................54 Figure 24: Neonatal Monitors Market, Global, Key Company Share (%), 2011 ...........................................55 Figure 25: Fetal Monitors Market, Global, Revenue ($m), 2005 – 2012 .....................................................57 Figure 26: Fetal Monitors Market, Global, Revenue ($m), 2012 – 2019 .....................................................58 Figure 27: Fetal Monitors Market, Global, Key Company Share (%), 2011 .................................................59 Figure 28: Patient Monitoring Devices Market, Cross-country Analysis, Global, CAGR (%), 2005 – 2019 .....61 Figure 29: Patient Monitoring Devices Market, US, Revenue ($bn), 2005 – 2012 .......................................63 Figure 30: Patient Monitoring Devices Market, US, Revenue ($bn), 2012 – 2019 .......................................64 Figure 31: Patient Monitoring Devices Market, Japan, Revenue ($m), 2005 – 2012 ...................................65 Figure 32: Patient Monitoring Devices Market, Japan, Revenue ($m), 2012 – 2019 ...................................66 Figure 33: Patient Monitoring Devices Market, China, Revenue ($m), 2005 – 2012 ...................................67 Figure 34: Patient Monitoring Devices Market, China, Revenue ($m), 2012 – 2019 ...................................68 Figure 35: Patient Monitoring Devices Market, Germany, Revenue ($m), 2005 – 2012 ..............................69 Figure 36: Patient Monitoring Devices Market, Germany, Revenue ($m), 2012 – 2019 ..............................70 Figure 37: Patient Monitoring Devices Market, France, Revenue ($m), 2005 – 2012 .................................71 Figure 38: Patient Monitoring Devices Market, France, Revenue ($m), 2012 – 2019 .................................72 Figure 39: Patient Monitoring Devices Market, the UK, Revenue ($m), 2005 – 2012 .................................73 Figure 40: Patient Monitoring Devices Market, the UK, Revenue ($m), 2012 – 2019 .................................74 Figure 41: Patient Monitoring Devices Market, Australia, Revenue ($m), 2005 – 2012 ..............................75 Figure 42: Patient Monitoring Devices Market, Australia, Revenue ($m), 2012 – 2019 ..............................76 Figure 43: Patient Monitoring Devices Market, Italy, Revenue ($m), 2005 – 2012 .....................................77 Figure 44: Patient Monitoring Devices Market, Italy, Revenue ($m), 2012 – 2019 .....................................78 Figure 45: Patient Monitoring Devices Market, Spain, Revenue ($m), 2005 – 2012 ...................................79 Figure 46: Patient Monitoring Devices Market, Spain, Revenue ($m), 2012 – 2019 ...................................80 Figure 47: Patient Monitoring Devices Market, Brazil, Revenue ($m), 2005 – 2012 ...................................81 Figure 48: Patient Monitoring Devices Market, Brazil, Revenue ($m), 2012 – 2019 ...................................82 Figure 49: Patient Monitoring Devices Market, Canada, Revenue ($m), 2005 – 2012 ................................83 Figure 50: Patient Monitoring Devices Market, Canada, Revenue ($m), 2012 – 2019 ................................84 Figure 51: Patient Monitoring Devices Market, India, Revenue ($m), 2005 – 2012 ....................................85 Figure 52: Patient Monitoring Devices Market, India, Revenue ($m), 2012 – 2019 ....................................86 Figure 53: Patient Monitoring Devices, Competitive Assessment, 2011.....................................................87 Figure 54: Patient Monitoring Devices Market, Mergers & Acquisitions, by Number of Deals and Deal
Value, Global, 2008 – 2012 .................................................................................................... 140
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Introduction
2 Introduction
Patient monitoring devices are used to observe, measure and record patients’ vital signs. These monitors are used in hospitals, the home and ambulatory settings. Patient monitoring equipment is critical in hospital settings such as emergency rooms, intensive care and critical care units. Patient monitoring devices comprise multiparameter patient monitors, patient monitoring accessories, non-invasive blood pressure monitors, fetal and neonatal monitors, Remote Patient Monitoring (RPM) and micro-electromechanical systems.
Technology innovations have provided advanced and sophisticated multiparameter patient monitoring systems that have replaced the traditional single parameter patient monitoring systems. Advances in RPM technologies have resulted in reduced healthcare costs that are associated with frequent hospital visits and re-admissions; they have also improved patient recovery and encouraged a faster response rate in some emergency cases. Developments in connectivity and centralized monitoring platforms have helped patient monitoring systems emerge from hospital settings to catheterization labs and outpatient and ambulatory settings, as well as remote locations such as patients’ homes.
The increased demand in patient monitoring devices can be attributed to the increased patient base and the corresponding increase in the prevalence of chronic diseases. Technological innovation and the increased adoption of products with advanced patient monitoring technologies will fuel the growth of the patient monitoring devices market in the future.
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Global Patient Monitoring Devices Market: Market Characterization
4 Global Patient Monitoring Devices Market: Market Characterization
4.1 Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012
Figure 1: Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012
2005 2006 2007 2008 2009 2010 2011 2012
Rev
enue
($bn
)
Multiparameter Patient Monitoring Non-invasive Blood Pressure Monitors Patient Monitoring AccessoriesMicro-electromechanical Systems Remote Patient Monitoring Neonatal MonitorsFetal Monitors
Source: GBI Research’s proprietary database [Accessed February 7, 2013]; interviews with marketing managers and other industry experts
Table 1: Global Patient Monitoring Devices Market, Revenue ($bn), 2005 – 2012
2005 2006 2007 2008 2009 2010 2011 2012 CAGR
2005 – 2012
Multiparameter Patient Monitoring
Non-invasive Blood Pressure Monitors
Patient Monitoring Accessories
Micro-electromechanical Systems
Remote Patient Monitoring
Neonatal Monitors
Fetal Monitors
Total
Source: GBI Research’s proprietary database [Accessed February 7, 2013]; interviews with marketing managers and other industry experts
The global patient monitoring devices market was valued at $XX billion in 2005. It grew at a CAGR of XX% to reach $XX billion in 2012. The largest category in the patient monitoring devices market was multiparameter patient monitoring, with a value of $XX billion, in 2012. The RPM category was the fastest growing category, as it helps reducing healthcare expenditure resulting in a further reduction of burden on insurers and healthcare providers. Increased investment on healthcare infrastructure in emerging economies is expected to drive the global patient monitoring market.
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Global Patient Monitoring Devices Market: Market Characterization
4.3 Global Patient Monitoring Devices Market, Key Company Shares (%), 2011
Figure 3: Global Patient Monitoring Devices Market, Key Company Share (%), 2011
Philips Healthcare
GE Healthcare
Omron Healthcare Co., Ltd.
Draegerwerk AG & Co. KGaA
Mindray Medical International Limited
Nihon Kohden Corporation
3M Health Care Ltd.Covidien plc
OSI Systems, Inc.
Welch Allyn Inc.
A&D Medical / LifeSource
Microlife Corporation
Ambu A/S
Fukuda Denshi Co., Ltd.
Others
Source: GBI Research’s proprietary database [Accessed February 7, 2013]; interviews with marketing managers and other industry experts
Table 3: Global Patient Monitoring Devices Market, Company Revenue ($m), 2011
Company Name Revenue ($m)
Philips Healthcare
GE Healthcare
Omron Healthcare Co., Ltd.
Draegerwerk AG & Co. KGaA
Mindray Medical International Limited
Nihon Kohden Corporation
3M Health Care Ltd.
Covidien plc
OSI Systems, Inc.
Welch Allyn Inc.
A&D Medical/LifeSource
Microlife Corporation
Ambu A/S
Fukuda Denshi Co., Ltd.
Others
Source: GBI Research’s proprietary database [Accessed February 7, 2013]; interviews with marketing managers and other industry experts
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Appendix
10 Appendix
10.1 Definitions
10.1.1 Patient Monitoring Devices
Patient monitoring devices are used to observe measure and record vital signs in patients. These monitors are used in hospitals, home and ambulatory settings. Seven categories of monitors have been tracked under this market, which includes multiparameter patient monitoring, neonatal monitors, fetal monitors, patient monitoring accessories, RPM, non-invasive blood pressure monitors and MEMS.
10.1.1.1 Remote Patient Monitoring
RPM devices are used to retrieve and transmit data through a wireless system to a monitoring station or a physician’s office for further analysis and interpretation. This category includes both implantable and external RPM devices.
External Remote Patient Monitoring Devices
External RPM devices retrieve the data from the external measurement device (such as glucose meters, blood pressure monitors, pulse oximeters, weight scales and ECGs) and transmit it through a wireless system to a monitoring station or a physician’s office for further analysis and interpretation. This segment includes the external module or transmitter that receives the data from external measurement devices.
Implantable Remote Patient Monitoring Devices
Implantable RPM devices retrieve the data from the implantable sensor and transmit it through a wireless system to a monitoring station or a physician’s office for further analysis and interpretation. This segment includes an external module or transmitter that receives the data only from the implantable sensors used for arrthymia and heart failure management.
10.1.1.2 Micro-electromechanical Systems
MEMS are sensors used to measure body parameters such as blood pressure, uterine pressure and endovascular pressure. These sensors are attached to catheters and inserted into the relevant area of the body. This category includes micro-sized pressure sensors including blood pressure sensors, intrauterine pressure sensors, dialysis pressure sensors, endovascular sensors.
10.1.1.3 Patient Monitoring Accessories
Patient monitoring accessories are used along with patient monitoring devices to measure the various vital signs of the patients. This category includes patient monitoring leads and electrodes, non-invasive blood pressure cuffs and patient monitoring temperature probes.
Non-invasive Blood Pressure Cuffs
Non-invasive blood pressure cuffs are made of a non-elastic material used along with blood pressure monitors. The blood pressure cuff is applied around the upper arm above the elbow to measure blood pressure using a non-invasive blood pressure meter. It is available in different types and different sizes, for children, adults and obese adults. This segment includes reusable cuffs and disposable cuffs. Reusable cuffs are used along with blood pressure monitors. These cuffs are used on multiple patients. Disposable cuffs are used along with blood pressure monitors. These cuffs are changed for each and every patient.
Patient Monitoring Leads and Electrodes
Patient monitoring electrodes are small metal disks connected to lead wires. Electrodes emit electrical impulses and transmit them to an attached monitor where the impulses are recorded. These electrodes are of various types based on their usage and type of test, including ECG and EEG. This segment includes long-term electrodes, neonatal electrodes, rest electrodes and stress electrodes.
Patient Monitoring Temperature Probes
Patient monitoring temperature probes are disposable probes used along with multiparameter monitors. They are used for routine monitoring throughout the hospital, to measure core body temperature, and are made of non-porous material. They can be placed in the esophagus, nasopharynx or rectum.
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10.1.1.4 Non-invasive Blood Pressure Monitors
This category includes sphygmomanometers, a device consisting of a pressure gauge and a rubber cuff that wraps around the upper arm and inflates to constrict the arteries and measure the blood pressure. This category includes mercury, aneroid and digital sphygmomanometers.
Aneroid Sphygmomanometers
An aneroid sphygmomanometer is mercury-free and consists of a cuff; a stethoscope that is built in or attached for pulse measurement; and a valve that inflates and deflates automatically with the data displayed on an easy-to-read gauge.
Digital Sphygmomanometers
Digital sphygmomanometer is mercury-free and consists of a cuff and a valve that automatically inflates and deflates. It is typically battery-operated. This segment includes both automatic inflation and manual inflation devices. The reading is displayed digitally and a stethoscope is not required.
Mercury Sphygmomanometers
A mercury sphygmomanometer is a device used to measure blood pressure. It consists of a mercury-based unit with a manually inflatable cuff attached by tubing to the unit, which is calibrated in mmHg.
10.1.1.5 Multiparameter Patient Monitoring
Multiparameter patient monitoring includes devices used for the continuous monitoring of physiological and vital parameters such as temperature, BP, SpO2, RR and CO2 in patients on a continuous basis. These types of monitors are used in emergency settings, OTs, ICUs and physicians’ clinics. This category includes high acuity monitors, mid acuity monitors, low acuity monitors and multiparameter central stations.
High Acuity Monitors
High acuity monitors are used in ICUs and OTs to monitor parameters such as temperature, RR, BP, and SpO2. This segment includes MRI-compatible monitors, critical care monitors and perioperative care monitors.
Low Acuity Monitors
Low acuity monitors are simple multi-parameter monitors used to monitor basic vital signs (like blood pressure, temperature, respiration rate, heart rate) of non-emergency patients. This segment includes ambulatory and vital signs monitors.
Mid Acuity Monitors
Mid acuity monitors are multi-parameter monitors used to monitor basic vital signs (blood pressure, temperature, respiration rate, heart rate) for patients under post-anesthesia care. This segment includes emergency care monitors and post-anesthesia care monitors.
10.1.1.6 Neonatal Monitors
Neonatal monitors are used to continuously monitor and record parameters such as ECG, heart rate, RR and the temperature of critically ill newborns and infants. They are primarily used in the neonatal wards of healthcare settings.
10.1.1.7 Fetal Monitors
Fetal monitors are devices used to monitor the fetal heart rate for indicators of stress, usually during labor and birth, using ultrasound and electrocardiography. This is essentially a device for recording uterine contractions during labor, and also the fetal heart rate, to monitor the progress of labor, and in particular the wellbeing of the fetus. This category includes antepartum and intrapartum monitors.
Antepartum Monitors
Antepartum monitors refers to devices monitoring both maternal and fetal vital signs such as fetal/maternal heart rates, fetal ECG, maternal ECG, pulse oximetry, maternal BP, and uterine activity, during and before delivery. This is used on a routine basis throughout pregnancy.
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Intrapartum Monitors
Intrapartum monitors are used for fetal and uterine-invasive monitoring during the onset of labor and the actual birthing process until delivery. They are equipped with a fetal electrode for the invasive monitoring of fetal and uterine activity. Intrapartum monitoring can be both external and internal.
10.2 Acronyms
ABPM: Ambulatory Blood Pressure Monitoring
ACS: Abdominal Compartment Syndrome
ACU: Acute Care Units
APOC: Acute Point of Care
BP: Blood Pressure
BSI: Bloodstream Infection
BTT: Brain Tunnel Temperature
CAGR: Compounded Annual Growth Rate
CAS: Coronary Artery Stenosis
CCU: Critical Care Unit
CHC: Constant Health Companion
CHD: Coronary Heart Disease
CHF: Congestive Heart Failure
COMPAS: Comparative Follow-up Schedule with Home Monitoring
CONNECT: Clinical Evaluation of Remote Notification to reduce Time to Clinical Decision
COPD: Chronic Obstructive Pulmonary Disease
CPB: Cardiopulmonary Bypass Device
CPR: Cardiopulmonary Resuscitation
CRM: Cardiac Rhythm Management
CRT-D: Cardiac Resynchronization Therapy-Defibrillator
DALY: Disability Adjusted Life Year
EBCT: Electron-Beam Computerized Tomography
ECG: Electrocardiogram
EDA: Electronic Design Automation
EEG: Electroencephalogram
EFM: Electronic Fetal Monitoring
EHRA: European Heart Rhythm Association
EHG: Electrohysterogram
EMG: Electromyography
EMR: Electronic Medical Record
EMS: Emergency Medical Services
EU: European Union
fECG: Fetal ECG
fHR: Fetal Heart Rate
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Appendix
GDP: Gross Domestic Product
GMP: Good Manufacturing Practice
GSM: Global System for Mobile Communications
HCAI: Health Care-associated Infection
HIS: Hospital Information System
IAH: Intra-abdominal Hypertension
IAP: Intra-abdominal Pressure
ID: Interface Device
ICD: Implantable Cardioverter-Defibrillator
ICU: Intensive Care Unit
INVOS: In Vivo Optical Spectroscopy
ISMO: Impedance Spectroscopy Monitor
ISO: International Organization for Standardization
IT: Information Technology
LCD: Liquid Crystal Display
LIG: Living Independently Group
M&A: Mergers and Acquisitions
mECG: Maternal ECG
MEMS: Micro-electromechanical Systems
mmHg: Millimeters of Mercury
MHR: Maternal Heart Rate
MICU: Medical Intensive Care Units
MUPS: Medical Uninterruptible Power Supply
NIBP: Non-invasive Blood Pressure Monitoring
NICU: Neonatal Intensive Care Unit
NSRFs: National Strategic Reference Frameworks
OT: Operating Theatre
PAN: Personal Area Network
PICU: Pediatric Intensive Care Unit
PPP: Purchasing Power Parity
PTT: Pulse Transit Time
REFORM: Remote Follow-up of Patients Receiving Implantable Cardioverter Defibrillator for Prophylactic Therapy
ROPs: Regional Operational Programs
R&D: Research and Development
RPM: Remote Patient Monitoring
RR: Respiration Rate
SAW: Surface Acoustic Wave
SET: Signal Extraction Technology
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SICU: Surgical Intensive Care Units
SMS: Short Message Service
TRUST: The Lumos-T Safely RedUceS RouTine Office Device Follow-Up
UA: Uterine Activity
UTI: Urinary Tract Infection
VRI: Vibration Response Imaging
VSM: Vital Sign Monitor
WiFi: Wireless Fidelity
WBAN: Wireless Body Area Network
WHO: World Health Organization
UN: United Nations
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US Government (2013). Cuts, Consolidations, and savings: Budget of the U.S. government. Available from: http://www.whitehouse.gov/sites/default/files/omb/budget/fy2013/assets/ccs.pdf
Philips Healthcare (2013). UT4800 Central Monitoring System. Phillips Healthcare. Available from: http://www.healthcare.philips.com/main/products/goldway/patient-monitoring/ut4800-central-monitoring-system/ [Accessed January 31, 2013].
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10.4 Research Methodology
GBI Research’s dedicated research and analysis teams consist of experienced professionals in marketing and market research with consulting backgrounds in the medical devices industry and advanced statistical expertise.
GBI Research adheres to the codes of practice of the Market Research Society (www.mrs.org.uk) and the Strategic and Competitive Intelligence Professionals (www.scip.org).
All GBI Research databases are continuously updated and revised. The following research methodology is followed for all databases and reports.
10.4.1 Secondary Research
The research process begins with exhaustive secondary research on internal and external sources being carried out to source qualitative and quantitative information relating to each market.
The secondary research sources that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and US Securities and Exchanges Commission (SEC) filings
Industry trade journals, scientific journals and other technical literature
Internal and external proprietary databases
Relevant patent and regulatory databases
National government documents, statistical databases and market reports
Procedure registries
News articles, press releases and web-casts specific to the companies operating in the market
10.4.2 Primary Research
GBI Research conducts hundreds of primary interviews a year with industry participants and commentators in order to validate its data and analysis. A typical research interview fulfills the following functions:
It provides first-hand information on the market size, market trends, growth trends, competitive landscape and future outlook.
It helps in validating and strengthening the secondary research findings.
It further develops the analysis team’s expertise and market understanding.
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Primary research involves email correspondence, telephone interviews and face-to-face interviews for each market, category, segment and sub-segment across geographies.
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Hospital stores, laboratories, pharmacies, distributors and paramedics
Outside experts: investment bankers, valuation experts, research analysts specializing in specific medical equipment markets
Key opinion leaders: physicians and surgeons specializing in different therapeutic areas corresponding to different kinds of medical equipment
10.4.3 Models
Where no hard data is available GBI Research uses modeling and estimates in order to produce comprehensive data sets. The following rigorous methodology is adopted:
Available hard data is cross-referenced with the following data types to produce estimates:
Demographic data: population, split by segment.
Macro-economic indicators: Gross Domestic Product, Inflation rate
Healthcare Indicators: health expenditure, physicians base, healthcare infrastructure and facilities
Selected epidemiological and procedure statistics
After this cross-referencing, data is then cross-checked by the expert panel.
All data and assumptions relating to modeling are stored and are available to clients on request.
10.4.4 Forecasts
GBI Research uses proprietary forecast models. The following four factors are utilized in the forecast models:
Historic growth rates
Macro indicators such as population trends and healthcare spending
Forecast epidemiological data
Qualitative trend information and assumptions
After this, data is then cross-checked by the expert panel.
All data and assumptions relating to modeling are stored and are available to clients on request.
10.4.5 Expert Panels
GBI Research uses a panel of experts to cross-verify its databases and forecasts.
GBI Research’s expert panel comprises marketing managers, product specialists, international sales managers from medical device companies; academics from research universities, KOLs from hospitals, consultants from venture capital funds and distributors/suppliers of medical equipment and supplies.
Historic data and forecasts are relayed to GBI Research’s expert panel for feedback and adjusted in accordance with this feedback.
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10.6 Disclaimer
All Rights Reserved.
No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of the publisher, GBI Research.